Asia-Pacific markets trade mixed; ZTO Express listing in Hong Kong ahead
Shares in Asia-Pacific traded mixed in Tuesday morning trade, as investors await the Hong Kong debut of logistics firm ZTO Express.
South Korean stocks led gains among the region’s markets as the Kospi rose about 1%, with shares of LG Chem jumping more than 3%.
In Japan, the Nikkei 225 shed 0.56% while the Topix index slipped 0.89%. The S&P/ASX 200 in Australia added 0.38%.
Overall, the MSCI Asia ex-Japan index traded 0.28% higher.
On the corporate news front, investors will watch out for ZTO Express shares, which are set to go public in Hong Kong on Tuesday at an offer price of 218 Hong Kong dollars ($28.13) per share. The firm will be the latest U.S.-listed Chinese company to debut in the city.
Reference: CNBC
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